Mortgage rates are at an all-time low, and there’s no sign of them increasing any time soon. This is great news for homeowners, who will probably benefit from low mortgage payments for years to come. People on tracker mortgages in particular have reaped the rewards of low mortgage rates. People who took out a fixed-rate […]

With quite a wide choice of mortgage types to choose from, it can be hard knowing which to go for. The main types are fixed rates and variable rates, cash back, trackers, no deposit and buy to let. A fixed rate mortgage will give you a certain time period (usually 1-5 years) where you will […]

The mortgage rates have started to climb up once again but still are on the moderate side. As a result, the costs of home buying is on the rise too. In fact, home sales is on the climb too. Therefore, you will have to say no to the historically low rates as of now. The […]

Purchasing a new home or property is exciting. And maybe you have already applied for a loan and even received more than a few attractive mortgage loan offers to help with purchasing your home. However, before getting overly excited and accepting any mortgage loan, you need to understand exactly what type of contract you are […]

For anyone considering purchasing a new home, whether it is a primary residence or an investment property, locking in the most attractive interest rate possible is going to be one of the top concerns. If you have started the process, then you probably understand that shopping for a mortgage loan that fits your needs is […]

A fixed rate mortgage can be good or bad. It is worth considering that the mortgage company will set their fixed rates in the hope that they will do well out of it. This means that they will be predicting the future market and fixing that rate accordingly. It is difficult to predict the future, […]

Before you take out a mortgage you need to understand that there are two main types of mortgage, namely interest only and repayment, and each has its own advantages and disadvantages. It is advisable to research the subject carefully and seek appropriate financial advice before deciding which to take out. Interest-only mortgages allow you pay […]

Lots of people dream about buying their dream homes. Regardless of their lot in life most everybody dreams about one day buying that first home to call their own. If you’ve never been through the home buying process before you may find it intimidating and complicated. From start to finish you need to be equipped […]

History repeats itself yet again — ARMs are back on the scene, and that means that you can definitely see your mortgage broker offering them to you. When there’s a demand in the market for something, and brokers know that they can sell people on the adjustable-rate mortgage, they’re definitely going to do it. However, […]

Whenever interest rates fall, homeowner rush to refinance. But they forget to make a careful determination whether or not this is a good move for them. Some people refinance in order to lower their overall borrowing costs, their interest rates, their mortgage payment, and the terms of their loans. Some may do it because of […]